India has rejected controversial plans by mining group Vedanta to extract bauxite in the eastern state of Orissa. The project had breached environmental protection acts and raised concerns for the rights of local tribes, Environment Minister Jairam Ramesh said. Vedanta's other ventures in Orissa were being investigated separately, he said. The company has yet to comment on the decision. It says it will bring jobs to the area - tribespeople say the plans...
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Martyrs to transparency by Venkitesh Ramakrishnan
In the five years of the Right to Information Act, activists who use it have faced reprisal across the country. OCTOBER 2010 marks the fifth anniversary of the Right to Information (RTI) Act. The Act and its implementation have been described in both administrative circles and civil society as “revolutionary” , “a blow for transparency”, “a check on corrupt practices” and “a people's intervention tool with tremendous impact”. Social activists and...
More »Centre plans to give tribals a share in mining profits
The Centre is planning to give a 26 per cent share in mining profits to tribal people and to set up a regulatory body to check illegal mining, Union Minister of Mines B.K. Handique informed the Rajya Sabha on Monday. The draft of the Mines and Minerals (Development and Regulation) Bill — prepared on the basis of the policy directions set forth in the 2008 National Mineral Policy and the recommendations...
More »Iron ore mines going for Rs 1 lakh in Chhattisgarh? by Supriya Sharma
There's not much you can buy in terms of assets for Rs 1 lakh. But two Delhi businessmen gained access to a multi-crore iron ore mine in Chhattisgarh for just this much. On June 2, 2004, two brothers, Atul Jain and Sanjay Jain, pooled together Rs 1 lakh in Delhi to set up a company, Pushp Steel and Mines Ltd. The same day, the company applied for a prospecting licence...
More »FICCI opposes mining bill, debunks tribal compensation scheme
Criticising the government’s Mining Bill, FICCI has said that the proposed legislation would adversely impact investments in the sector. It also termed the government’s scheme to provide shareholdings to tribals in mining projects as flawed. In a recent letter to Finance Minister Pranab Mukherjee, FICCI Secretary General Amit Mitra said that the proposed act will “adversely affect the industry”. “...the latest draft of the Mines and Minerals Development and Regulation Act 2010 proposes...
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